Cain on the Housing Bubble

This says a lot:

Who's the ignorant one, Mr. Cain? It seems like he dismisses everyone that doesn't agree with him as ignorant or not knowing enough about it. Instead of listening to others, especially about the Fed, he responds with "I does not care!" Well, Mr. Cain, some of us deeply care that trillions of dollars are being loaned out to foreign countries, some of which include Muslim countries which we are also told to be very afraid of. East Asia has always been at war with Oceania.

Anyway, I would also like to point out that unlike Mr. Cain, Ron Paul has actually run a small business. At his medical practice, he had to make payroll and deal with overhead and such. Now I can hear some of you screaming that Mr. Cain was the CEO of Godfather's pizza. Mr. Cain, for pretty much of his entire adult life, was an employee of a corporation. The CEO is an employee of the shareholders. Working as an employee, especially in a large corporation is a totally different ball of wax than being a small business person.  In a large corporation, you get to focus on just one area or task and don't have to be bothered with the big picture. If your corporation is big enough, you get sweetheart tax deals that the small businessman doesn't enjoy.

So when the mother of all bubbles hit, who do you think will able to deal with it in a pro-Constitutional way? Which of the candidates is actually developing contingency plans to keep our civil liberties secure through it all?

Crapitalism

This is the new name for "crony capitalism". Found this interview via The CL report. Here is Nick Gillespie and Gene Epstein talking about our friends the banksters. So when some conservatives give the Occupy Wall Street people a hard time, I completely understand their sentiment. They're not protesting profits (although some might be die hard commies that are). They're protesting graft, corruption, and the complete bypass of our Constitution.

And by bypass of the Constitution, I mean we have corporate-sponsored lobbyists shilling and writing legislation for Congress, that they are paid to pass. 99% of what is getting passed up there no one has read and no sane American would support.

Mr. Epstein menions Angelo Mozilo, to which I made a map:

Ex-CEO of Countrywide Financial Corp, deeply involved in the mortgage meltdown of 2008. Sued by Countrywide shareholders over his knowing involvement in the sales of loan products he described as "toxic" and "poison", Mozilo agreed in 2010 to pay $67.5M in fines and forfeiture, but, of course, admitted no wrongdoing. -- nndb

link

Note the political contributions. To those hard core righties and lefties out there.. how does it make you feel that this guy gives to both? The Elites give to the same bunch over and over again. If they don't care about Ds and Rs, then why should you? What do they know that you don't? Remember what Frederic C Howe said about a government subsidy or grant being worth more than a silver mine? That is crapitalism in action.

So when you see an elite donating to a candidate, you know they're going to be supporting a willing accomplice of crapitalism.

Reagan's Budget Director Speaks Out

Here is David Stockman, Ronald Reagan's budget director, telling us how it is. This is an instructive interview for those who worship Ronald Reagan as "Ronaldus Maximus" by going back to the speeches he gave before he actually was president and then acting like that is how  he governed. Now I'm not blaming Reagan for not living out the principles of a small government, as I'm not real sure how much power a president truly has in our country. Anyway, this man Stockman gives us a history lesson in our country's money situation, which is a great reality check without spin and pandering.

Join My Homeschool - Today's Lesson - Economics

Inflation

This phenomenon happens in stages which are caused by changes in the demand for money:

1.  While the government has been printing money, prices have started to rise to reflect the fact that there is more money in circulation. People save their money hoping that prices will come back down.

2. After realizing that prices probably aren't coming back down, people who were holding off on purchases start buying and the dollar is being circulated more, which causes prices to rise. The $10 bill is getting passed around more than it was in stage one, thus meaning it's doing the work of several $10 bills.

(You are here.)

3. The dollar is clearly losing its value, and people begin trading it for anything they think will retain value, whether it be precious metals, commodities, or foreign currencies.

And now a presentation from Catherine Austin Fitts, former asst. HUD secretary, and Wall St. veteran  in clear terminology on what is really going on with our economy. This is entitled The Looting of America, but it could also be called The Tapeworm Economy:
(Please take note of my Red Mike quote on the sidebar to illustrate to yourself that the more things change, the more they stay the same. )




Part 2                Part 3               Part 4

If that's too dry for you, however I find it fascinating, here's a Jesse Ventura episode of Conspiracy Theory I came across at Lew Rockwell.  This episode exposes some of the tentacles of the "vampire squid" with dramatic flair.




Part 2                  Part 3

Don't Wait Until November to Take Action - Part 4: Go Galt (If You Can)

Christopher Grey at World Net Daily has a list of tips for those of you who have more money than I. He explains:

        The vast majority, possibly as high as 90 percent, of federal income taxes are paid by the top 1 percent of the households. If this group would take extraordinary measures, all within the current tax laws, to reduce tax liabilities, this would have a devastating effect on the ability of the federal government to fund itself.

        For example, a 50 percent reduction in the taxable income of this top 1 percent probably would cost the federal government trillions of dollars of revenue per year. There is almost no way that the feds could replace this lost revenue or borrow this much more every year, so it would force them to cut spending or try to implement extremely unpopular new taxes on the middle class.

        Some ways to accomplish a tax liability cut under current tax laws are: 1) if close to retirement age, simply retire early, 2) if your company allows you to do so or you own your own business, defer as much income as legally possible for as long as possible, 3) if you have the resources to do so, simple take a few years off from working and spend more time on other pursuits or with your family, 4) donate substantially more money to charity, 5) redirect investment capital into companies that don't pay dividends and state and local tax exempt bonds rather than taxable bonds, income property, or other interest or dividend generating investments.

        By legally cutting off the funding mechanism for the federal government, spending reductions will become unavoidable whether the politicians want to do it or not.

Read the whole thing.

The reason why the reason of John Galt's speech doesn't connect with so many is because we have "Escaped From Reason." Let those who read Francis Schaeffer understand.